Mortgage Financing Can Reduce Developer Default Risks, Parliamentary Economy Chief Says

Egypt’s property market remains strong, according to Tarek Shoukry, head of the House of Representatives’ Economic Affairs Committee and chairman of the Real Estate Development Industry Chamber.

Shoukry said greater use of mortgage financing could help reduce the risk of developers defaulting, highlighting its role in supporting the sector.

He stressed that relationships within the real estate industry extend beyond developers and buyers, pointing to a broader network of participants in the market.

His remarks linked confidence in the Egyptian property market with a call to activate mortgage financing more effectively as a way to limit risks facing developers.